China Broiler Weekly: AA broiler prices sink to new lows (week ended Feb 28, 2017)
An eFeedLink Exclusive
With demand extremely weak due to the bird flu outbreak, prices of AA broiler continued to tumble amid excess availability. Falling another 13%, prices of AA broiler have plummeted 27% over the past week. Compared with a year ago, AA broiler cost about 50% cheaper.
Chick prices remained in the low range of RMB0.20-0.70/bird while farmers withheld purchases.
China breed broiler consolidated higher as demand recovered modestly in the northern parts of China, where the bird flu outbreak was less rampant. Prices were higher by over 1% on average.
Prices of day-old chick remained soft, however, as famers stayed prudent.
Broiler markets are expected to stay weak in the coming week. However, with prices at historic lows, the downward scope of broiler markets will be limited.
RMB=US$0.1453 (Mar 2)
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